On Sunday, the U.S. Department of Commerce sent a report to President Trump containing findings from its investigation into the impacts of imported vehicles and auto parts on national security. Commerce has not yet disclosed the contents of the report. The president now has 90 days to publicly announce whether he will act upon its recommendations, which many speculate will include new tariffs on imported parts.
“The U.S. auto care industry relies on an integrated global supply chain in order to offer consumers competitive pricing on vehicle parts and service,” said Bill Hanvey, president and CEO, Auto Care Association. “In addition, imports and exports support a broad range of U.S. jobs, from manufacturing to distribution. Last year, the Auto Care Association commissioned a study that found that a 25 percent tariff on imported auto parts would cause a loss of over 100,000 U.S. jobs due to unperformed maintenance. Additionally, unperformed vehicle maintenance creates real highway safety concerns.”
As soon as the report is made public, Auto Care will notify its membership.
Visit the trade resources page: www.autocare.org/trade